Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information {The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company Garcon Company $

image text in transcribed

image text in transcribed

image text in transcribed

Required information {The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company Garcon Company $ 13,700 16,600 10,900 32,750 21,600 17,150 26,800 6,100 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 12,300 10,900 28,000 2,200 6,500 39,000 51,600 241,530 22,000 227,500 16,800 Pepper Company $ 19,600 21,000 10,650 23,350 37,000 14,800 20,000 7,800 17,500 3,400 52,500 7,900 2,200 68,500 58,600 340,010 23,200 142,825 24,450 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31, 2019 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019 Garcon Company Pepper Company Direct materials Raw materials available for use 0 0 Direct materials used 0 0 Factory overhead Total factory overhead Total manufacturing costs D 0 Total cost of work in process 0 0 Cost of goods manufactured $ 0 $ 0 Rex Required 2 > Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting And Analysis In Multinational Enterprises

Authors: H P Holzer

1st Edition

3110100819, 978-3110100815

More Books

Students also viewed these Accounting questions